IMF Managing Director Christine Lagarde at the Conclusion of a Visit to Côte d’Ivoire
I complimented the authorities on the country’s strong economic recovery, which the IMF is supporting through a three-year US$615.9-million Extended Credit Facility (about CFA 300 billion) at zero interest rate. I welcomed their ambitious National...
Zambian Millers Under Pressure to Sell At ‘Reasonable Prices’
Zambia’s Information Minister said millers of mealie-meal, the flour made from corn which is the country’s staple food, have agreed to sell the commodity at reasonable prices.
Budget Stand-off Could Again Impact US Credit Rating
Republican lawmakers are not ruling out using America’s debt limit as a bargaining chip in looming deficit reduction battles with congressional Democrats and the Obama administration. A similar partisan dynamic in 2011 led to a downgrade of the...
Morsi Expands Brotherhood Influence in Egyptian Cabinet
Egypt's Islamist President Mohamed Morsi has expanded the number of Muslim Brotherhood ministers in his Cabinet as part of a reshuffle aimed at improving the government's handling of an economic crisis.
Fiscal Deal Minimizes Negative Impact on Poor People
$37.7 Million in Contributions to Strengthen Governance and Economic Growth
The Middle East and North Africa (MENA) Transition Fund recently received $37.7 million from Canada, the United Kingdom, and France to support good governance, sustainable growth, and greater employment opportunities for youth.
Fiscal Cliff Deal Highlights Messy US Democracy in Action
Fiscal Cliff Legislation Affects Military, Civilian Paychecks
The legislation that President Barack Obama signed Jan. 2 that postponed the fiscal cliff means changes to military and civilian paychecks, U.S. Defense Finance and Accounting Service officials said.
Obama Hails US Fiscal Cliff Deal
U.S. President Barack Obama says he has kept his promise to America by working with Congress to change a tax code that he says too often benefited the wealthy at the expense of the middle class.
IMF Comments on U.S. “Fiscal Cliff” Measures
The International Monetary Fund (IMF) welcome the action by the U.S. Congress to avoid sudden tax increases and spending cuts, including through an extension of unemployment benefits during 2013. In the absence of Congressional action the economic...
